Maven Capital Partners has led a £2.1 million investment in FodaBox (formerly BoroughBox), a provider of logistical services to over 1,400 independent food and drink brands.

The investment comprises £1.5 million from Maven’s VCTs alongside £600,000 from angel investors. This will enable the business to expand its operations, open a third warehouse, develop its software and analytical tools further, and launch its own private-label products.